Coinbase is arguing that a recent proposal from the U.S. Internal Revenue Service (IRS) will endanger the industry and Americans’ privacy.
The IRS had proposed a rule recently to formally define crypto brokers and instruct them on how they and their customers can properly pay taxes. But Coinbase said in a comment letter to the agency that the proposed rule represents “an unprecedented, unchecked, and unlimited tracking on the daily lives of Americans.”
#crypto #cryptonews